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Williamson Corporation was organized in 2014 to operate a tax preparation business. The charter authorized the following capital stock: common stock, par value $6 per
Williamson Corporation was organized in 2014 to operate a tax preparation business. The charter authorized the following capital stock: common stock, par value $6 per share, 89,000 shares. During the first year, the following selected transactions were completed:a.Sold and issued 68,000 shares of common stock for cash at $54 per share; b.Bought 6,000 shares from a stockholder for cash at $56 per share.
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